FASB Holds October 7 Meeting

At its October 7, 2026, meeting, the FASB discussed feedback received on several revenue-related topics both as part of its 2025 agenda consultation and in a recent agenda request. While the Board decided not to add to its current technical agenda any of the projects considered at the meeting, it did direct the staff to conduct further research related to three topics: “(1) the presentation of net revenue in the income statement for assets measured at fair value, (2) the interaction between Topic 460, Guarantees, and Topic 606 for guarantees of an entity’s own future performance, and (3) the assessment of whether a distinct good or service is obtained in the context of accounting for consideration payable to a customer.”

For more information, see the tentative Board decisions and Board meeting handout on the FASB’s Web site.